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Last updated: July 11, 2026, 5:30 PM ET

Federal Reserve Focuses on Inflation Data

Investors will be watching closely as Federal Reserve Chairman Kevin Warsh appears before Congress this week. He will review new US inflation data that may set the tone for the Fed's July decision. This comes as primary dealers have gone net short on debt for the first time, a move that has sparked a quest for answers in the market sparked a quest.

White House Investigations and International Tensions

The White House directed FBI Director James Comey to oversee an investigation involving reporting by The New York Times. This effort led to subpoenas for Times reporters who wrote about Air Force One's security. Meanwhile, Iran's top diplomat is in Oman for talks amidst recent clashes with the US, and a vow of revenge from Mojtaba Khamenei over his father's death has further strained a fragile cease-fire.